42.470 Allocation of funds among counties.
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42.470 Allocation of funds among counties.
Moneys in the local government economic assistance fund shall be allocated among the <br>counties as follows: <br>(1) Funds allocated under KRS 42.4585:
(a) Sixty percent (60%) shall be distributed to each coal producing county on the
basis of the ratio of tax collected on coal severed in each respective county to <br>the tax collected statewide.
(b) Thirty percent (30%) shall be distributed to each coal producing county on the
basis of per capita income (inverse order), ton miles of resource roads and <br>population, equally weighted.
(c) Ten percent (10%) shall be distributed to non-coal producing counties
impacted by the transport of coal on the basis of geographic area, ton miles of <br>resource roads, and per capita income (inverse order), weighted on a basis of <br>30/100, 40/100, and 30/100, respectively. The expenditure of such funds shall <br>be limited to the categories of projects set out in KRS 42.455(2)(c). All <br>counties shall receive an annual payment based on the average of total ton <br>miles within the county during the most recent three (3) year period. To <br>qualify for the funds distributed under the provisions of this paragraph, a <br>county must have within its geographic boundaries in any single year twenty-<br>five hundredths of one percent (0.25%) of the total ton miles within coal <br>impact counties during the most recent three (3) year period.
(2) All funds allocated under KRS 42.450(2) shall be distributed among the mineral
producing counties on the basis of the tax collected on minerals severed in each <br>respective county.
Effective: July 15, 1994 <br>History: Amended 1994 Ky. Acts ch. 488, sec. 4, effective July 15, 1994. </p>
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